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Bond Financing

All articles tagged with #bond financing

Tampa councilor calls Rays stadium plan a taxpayer burden
local-government1 month ago

Tampa councilor calls Rays stadium plan a taxpayer burden

Tampa City Council member Lynn Hurtak released a six-minute video arguing the Rays stadium proposal would burden taxpayers, pointing to an $80 million city contribution via a loan or line of credit with no guaranteed repayment and possible funding from higher property taxes. The council is set to vote on the deal Thursday, followed by a Friday county vote. The Rays have issued non-binding commitments on transportation, affordable housing and minority-owned businesses, and Hillsborough College released new renderings for a reimagined campus.

politics2 months ago

Senator Denied Involvement in Palisades Fire Victims Housing Plan

Two Los Angeles businessmen unveiled a plan to raise up to $250 million in tax-exempt bonds to buy fire-damaged Pacific Palisades lots and build about 60 below-market homes for wildfire victims, touting state Sen. Ben Allen as a board member of their nonprofit Uplifters Foundation—but Allen says he never joined the foundation’s board, casting doubt on the project and its feasibility.

"Trump's $175 Million Bond: The Billionaire Financier's Role Revealed"
finance2 years ago

"Trump's $175 Million Bond: The Billionaire Financier's Role Revealed"

Don Hankey, the chairman of Knight Specialty Insurance and a major player in the subprime auto loan industry, underwrote a $175m bond for Donald Trump to delay a $454m civil fraud judgment, stating that he was "happy to do it" and that it was a quick and easy transaction. Hankey, who is worth over $7.4bn, confirmed his support for Trump's past political campaigns and indicated a willingness to support future ones. His company, known for high-interest car loans, has faced scrutiny for deceptive collection tactics, and some financial analysts have expressed concerns about the subprime auto loan industry.